CLICS/CLICS2019A/commsumm.nsf
PUBLIC
BILL SUMMARY For SB19-088
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Feb 20, 2019
Location SCR 354
SB19-088 - Amended, referred to the Committee of the Whole
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01:40:53 PM |
Senator Gardner introduced Senate Bill
19-088, concerning the Revised Uniform Unclaimed Property Act (RUUPA).
The bill enacts the RUUPA with Colorado-specific amendments. He
introduced former Representative Clair Levy who is a member of the Colorado
Commission on Uniform State Laws.
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01:43:01 PM |
Claire Levy, Colorado Commission on Uniform
State Laws, discussed the role of the commission and the purpose of the
bill. She provided two handouts to the committee (Attachments A &
B).
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01:50:30 PM |
Senator Gardner discussed potential amendments. He provided a handout to the committee (Attachment C).
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01:51:32 PM |
Commissioner Levy discussed Amendments L.002 (D), L.003 (E), L.004 (F), L.005 (G), L.006 (H), and L.009 (I).
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02:01:45 PM |
Bianca Gardelli, Unclaimed Property Division, Department of Treasury, spoke in favor of the bill.
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02:05:18 PM |
Peter Gunn, Department of Treasury, spoke in favor of the bill.
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02:06:12 PM |
Garth Farrend, Unclaimed Property Division,
Department of Treasury, spoke in favor of the bill. He responded
to questions from the committee.
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02:08:37 PM |
Michael Lovendusky, American Council of
Life Insurers, discussed Amendments L.003 and L.004. He provided
a handout to the committee (Attachment J). Mr. Lovendusky responded
to questions from the sponsor and members of the committee.
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02:24:54 PM
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Motion |
Adopt amendment L.002 |
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| Moved |
Tate |
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| Seconded |
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Priola |
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Story |
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Tate |
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Donovan |
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Williams A. |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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02:25:45 PM |
Senator Gardner made comments on Amendment L.003.
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02:26:03 PM |
Commissioner Levy responded to questions from the committee.
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02:42:10 PM
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Motion |
Adopt amendment L.003 |
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| Moved |
Williams A. |
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| Seconded |
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Priola |
Yes |
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Story |
No |
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Tate |
Yes |
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Donovan |
No |
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Williams A. |
No |
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YES: 2 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: FAIL |
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02:42:46 PM
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Motion |
Adopt amendment L.004 |
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| Moved |
Williams A. |
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| Seconded |
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Priola |
Yes |
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Story |
No |
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Tate |
Yes |
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Donovan |
No |
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Williams A. |
Yes |
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YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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02:43:09 PM
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Motion |
Adopt amendment L.005 |
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| Moved |
Tate |
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| Seconded |
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Priola |
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Story |
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Tate |
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Donovan |
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Williams A. |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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02:43:42 PM
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Motion |
Adopt amendment L.006 |
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| Moved |
Tate |
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| Seconded |
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Priola |
No |
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Story |
Yes |
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Tate |
Yes |
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Donovan |
Yes |
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Williams A. |
Yes |
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YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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02:45:40 PM |
Senator Gardner made comments on Amendment
L.009.
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02:45:46 PM
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Motion |
Adopt amendment L.009 |
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| Moved |
Story |
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| Seconded |
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Priola |
No |
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Story |
Yes |
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Tate |
No |
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Donovan |
Yes |
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Williams A. |
Yes |
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YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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02:46:03 PM |
Senator Gardner made closing comments on the merits of the bill.
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02:48:11 PM |
Commissioner Levy made comments on the testimony and the merits of the bill.
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02:49:01 PM
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Motion |
Refer Senate Bill 19-088, as amended, to the Committee of the Whole. |
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| Moved |
Story |
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| Seconded |
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Priola |
Yes |
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Story |
Yes |
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Tate |
Yes |
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Donovan |
Yes |
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Williams A. |
Yes |
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Final |
YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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